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Engineers India Wins Contract from Indian Oil Worth ₹106 Crore

Written by: Team Angel OneUpdated on: Feb 13, 2025, 3:58 PM IST
EIL won a ₹106 crore contract from IOCL at the Paradip Petrochemical Complex in Odisha. The project spans 10 months, covering major units and utilities.
Engineers India Wins Contract from Indian Oil Worth ₹106 Crore
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Engineers India Limited (EIL), a leading engineering consultancy firm, has secured a ₹106 crore contract from Indian Oil Corporation Limited (IOCL) for Project Management and Consultancy (PMC) services. The 10-month project includes managing key units, utilities and overall project coordination. 

Project Details 

EIL has been awarded a significant project management consultancy contract by IOCL. The project is valued at approximately ₹106 crore and is focused on the Paradip Petrochemical Complex in Odisha which covers key units such as PP, IPA and EDC/VCM, along with offsite and utility facilities.  

Project Location and Timeline

The consultancy services will be provided for the Paradip Petrochemical Complex in Odisha. EIL will be responsible for overseeing project execution and ensuring efficient management. The expected duration for project completion is 10 months.  

Independent Contract with No Affiliations

EIL has confirmed that the contract was secured independently, without any involvement from promoters or affiliated group companies. The project does not fall under related party transactions, ensuring transparency and fair business practices.

About EIL

Engineers India Limited (EIL), established in 1965, is a top engineering consultancy firm. It provides services in petroleum, infrastructure, power, mining and urban development. EIL specializes in design, engineering, procurement, construction and project management.

Share Performance 

As of February 13, 2025, at 11:25 AM, the shares of EIL are trading at ₹169.29 per share, reflecting a surge of 0.25% from the previous day’s closing price. Over the past month, the stock has increased by 4.38% and over the last year it has declined by 8.14%. The stock’s 52-week high stands at ₹303.90 per share, while its 52-week low is ₹148.63 per share.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 13, 2025, 3:58 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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